buy out??? perhaps a bit too early to start on this but with a slow day here is my take:
1n 2008 goldcorp bought out gold eagle mines at cocheneour/makenzie island for 1,350,000,000.00
this to have the ownership or approx 3.5 million oz of gold..mostly 3500 feet, and under the bruce channel of red lake . gold was at 1200.00 or so at the time Since then goldcorp has spent a very large sum of money developing the cocheneour site as well as a new headframe and a tunnel from campbel mine in balmertown about 3.5 kilos away and also about 3500 ft down (and going deeper)
so what!!! 3.5 million oz of gold is worth 3.6 billion dollars more or less @ 1200 per oz.
Zen has (so we think from various formulas) about 5million tons of graphite that is worth somewhere between 6000 and 30000 per ton.
let us stick with 6000 so 5 million tons x 6000 $ = 30 billion dollars of value
if goldcorp paid 33% of the "going value" for the gold that gold eagle had in the ground let Zen sell their product for 10% of the value (things are not the same as we know)
so that gets us 3 billion dollars. for a buyout divide that by 60 million shares and what do you know
50.00 per share.
think about that for a while.
here looking to a good week too and a better june.. hang on to your shares.. do not let the banks steal them from you.. they can figure out value too.